ADMS: In August the stock broke out of its base pattern and traded as high as $24.14. It then formed a falling wedge pattern. Today it gapped up strongly out of that pattern and traded as high as $24.55 before closing at $23.61. If the momentum continues then I would look to long over today's high with $27.00 and $31.00 as price targets. Short ratio, 3.7 days to cover.
CREE: Semiconductor stock that a few weeks ago had an explosive move to the upside. It then has made an orderly retrace. Today it broke over that declining tops line and traded as high as $34.60, closing at $34.42. It needs to get through $35.50 with volume. If so, then $40.00 is the price target. Short ratio, 8.6 days to cover.
IRMD: On Thursday the stock had a huge up day. Friday was a bullish inside day and then today it traded as high as $13.90 closing at $13.78. I would look to go long over $14.00 with $15.00 and $16.50 as price targets. Short ratio, 51.5 days to cover so could add a lot of momentum to the trade.
NTNX: After breaking over lateral resistance at $25.00 the stock has been in a rising channel. Today it made a nominal new high $28.69 closing at $28.28. I would look to go long over today's high with $30.00 and $32.00 as price targets. Short ratio, 4.9 days to cover.
OSTK: Stock doesn't look like it is done yet. It is in a strong up trend. Over $46.50 and $50.00 is the price target. Short ratio, 6.2 days to cover.
SPCB: Stock gapped up over its basing pattern today trading as high as $4.29 closing at $3.72. Well worth watching over $4.00 as sometimes when stocks break out and pull back, then they continue their march higher. Price targets of $4.50 and $5.50. Short ratio, 18.3 days to cover.
XNET: Stock continues to preform well trading as high as $9.59 closing at $9.40. It has double in the last two weeks so you have to be cautious. But, over $9.60 and $10.50 is the next target.
Great analysis and write ups,along with a clearly incredible trade record. Kudos and thank you from a fellow Canadian! ( here in Ontaro)
Thanks again Bob
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